By Commodity News Service Canada
WINNIPEG, March 2 – The Canadian dollar dipped against its
US counterpart on Thursday, as the American greenback rode
broad-based strength to a strong finish.
Losses in crude oil contributed to the loonie’s declines.
The widening of the US-Canada short-term bond yield also
dragged on the Canadian dollar.
The Canadian dollar closed at C$0.7463 or US$1=C$1.3399,
compared to Wednesday’s close of C$0.7499 or US$1=C$1.3351.
The S&P/TSX Composite Index lost ground on Thursday, in
sympathy with the beleaguered mining sector.
Barrick Gold lost 4.4% on the day while Kinross fell 4.3%.
On the other side, Canada’s consumer staples group eked out
a gain of 0.7%.
The index fell 63.03 points or 0.4% to 15,536.63.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.06 at $ 33.78
Agrium Incorporated———-dn $ 2.13 at $127.49
Buhler Industries————up $ 0.06 at $ 4.61
Maple Leaf Foods————-up $ 0.02 at $ 31.43
Potash Corp. of Sask———dn $ 0.39 at $ 22.97
(All figures are in Canadian dollars.)
